Author(s)

Li Lihui

Corresponding Author

Li Lihui

Abstract

Family businesses have a long history and a wide range of distributions, which have shown distinctive characteristics in the development of history. But relative to the individuals of the family business, it can survive and last for a short time, and its development is not sustainable. The main reason is the failure of intergenerational inheritance. At present, the tacit knowledge transfer of family business is passed on from generation to generation. The most realistic issue is that the founders of the company cannot effectively transfer tacit knowledge to their successors. At the same time, after transfer, can the actual effect be in the hands of the successor On its own value. The whole process of intergenerational inheritance of family business tacit knowledge is divided into four parts, and each part has the difference between partial emphasis and quantity. In addition, the effective way of intergenerational inheritance is cross-generation entrepreneurship, which can help its development and inheritance to promote.

Keywords

Tacit knowledge transfer, Family business, Intergenerational inheritance